USDJPY Daily Analysis – July 18, 2019

USDJPY broke below 107.79 support, suggesting that the downside movement from 108.99 has resumed. Further decline could be expected over the next several days and next target would be at 107.30 area. Resistance is at 108.00, a break of this level could trigger another rise towards 108.50.

USDJPY 4-hour chart